Article 1 The Sinoruex Rules on Bidding (hereinafter referred to as the Rules) is formulated in accordance with relevant laws and regulations of P. R. China and the Regulations on Trading at Sinoruex to regulate e-bidding activities, protect the legal rights and interests of members and ensure the smooth trading through bidding at Sinoruex.

Article 2 Sinoruex organizes the trading of various types of natural rubber products and other bulk commodities through bidding by following the principle of open, fair, just and honest dealing. Bidding is the main channel for conducting electronic trading at Sinoruex. Bidding is applicable for both purchase and sale.

Article 3 Membership grading and guarantee fund are adopted for trading through bidding. Trading through bidding shall be settled on a daily basis.

Article 4 The Rules are applicable for bidding activities at Sinoruex. Staff and members of Sinoruex shall abide by the Rules.